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Waiting on the Fed,
Traders Spin Their Wheels

Jeff Goldblum's character in the movie "The Big Chill" can't make it through the day without "two or three juicy rationalizations." Traders can't do without at least one good conspiracy theory.

Wall Streeters are always prone to a bit of paranoia, but it ebbs and flows. Right now, "the lunatics are out there. It definitely seems to be at a pretty fevered pitch," says Morgan Stanley economist David Greenlaw.